UDR: Less Risky, But Fairly Valued

UDR, Inc. (NYSE:UDR), incorporated in 1972 and headquartered in Highlands Ranch, Colorado, is a self-administered REIT that owns and manages multi-family apartment communities primarily in West-coast and Northeast markets. While the case for multifamily tailwinds is still solid, I'm afraid that this UDR doesn't seem like the right vehicle to gain exposure through right now. The portfolio is well-diversified, its leverage use is conservative, and has a solid dividend payment record, but the shares are fairly ...