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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: Investors Real Estate Trust (IRET)

Cheap Stocks to Buy: Investors Real Estate Trust (IRET)Stock Price: ~$7

Investors Real Estate Trust (NYSE:IRET) operates in the multifamily sector for the most part. Of its 147 investment properties, 100 (consisting of 13,012 units) are multifamily, and the rest are commercial, with a heavy bent toward healthcare.

IRET works in the upper Midwest where unemployment is much lower than in many other areas of the country, which means demand is higher for those seeking homes in multifamily facilities.

The yield on this one sits at around 7.5%, though the latest announced distribution caused a little bit of confusion. While the company paid out a straight 13 cents per share like clockwork in previous years, the upcoming quarter will see a 7-cent regular dividend, as well as a 6-cent special dividend.

Once again, I think we will see a bubble in this sector in 2017, which could cause investors to bid up IRET and other REITs big-time.

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