7 Cheap Stocks to Buy That Could Double in 2017

Most of these stocks trade for $10 or less, and all have at least an outside shot of doubling your money

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Cheap Stocks to Buy: Ashford Hospitality Trust (AHT)

Cheap Stocks to Buy: Ashford Hospitality Trust (AHT)Stock Price: ~$7.80

Ashford Hospitality Trust, Inc. (NYSE:AHT) is another REIT in this group of cheap stocks, though AHT isn’t about healthcare — it owns upper-upscale, full-service hotels.

I have never believed that investors have properly valued what this REIT has to offer, especially since management has so much hotel experience. The market did reward the stock a bit this past year, bidding it up by about 25%. Still, shares remain well off the $14 they traded at just a few years ago.

Revenue per available room (RevPAR) and average daily rate (ADR) continue to improve across the board. If you look at private market valuations for hotels, you have to conclude that AHT stock is underpriced. It also has a 6.2% yield.

I think there’s at least 50% upside from here, but it could double if the stars align for leisure, the economy and a solid increase in job growth.

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