Franklin Street Properties
Franklin Street Properties (FSP), like Universal Health Trust, is a real estate investment trust. It is much more cyclical, however, since it owns and leases office properties mostly in the metropolitan Washington, D.C., area.
Amid the crackdown on federal spending and government layoffs, office space for consultants, contractors, lobbyists and other businesses has been in flux. FSP stock has slightly underperformed the market so far in 2013 with a roughly 10% return as a result — and longer-term, remains about 40% under its 2006 peak valuation.
But the company has seen three consecutive quarters of year-over-year revenue increases — and longer-term, has seen revenue rise in eight of the past nine quarterly reports. There is a chance that shares could remain sluggish, but a lot of negativity is priced in, and the nice dividend gives you incentive to stick around.