Zacks' High Rank Value strategy highlights: Ashford Hospitality Trust, Deerfield Triarc Capital Corp., Equity Inns and MHI Hospitality Corp.

CHICAGO -- Many value investors look for stocks trading at Price/Earnings multiples below 15 and Price/Book multiples below 3. Combining these valuation measures with a Zacks Rank of #1 ("Strong Buy") or #2 ("Buy") helps to ensure that a stock is truly undervalued. The High Rank Value Profit Track strategy finds such bargains. This screen generated a 13.7% return in 2005. Four stocks meeting this strategy's exclusive criteria are Ashford Hospitality Trust, Inc. (NYSE: AHT), Deerfield Triarc Capital Corp. (NYSE: DFR), Equity Inns, Inc. (NYSE: ENN) and MHI Hospitality Corp. (AMEX: MDH). View the entire list of stocks for the High Rank Value Profit Track at http://at.zacks.com/?id=2136.

Here are details about four companies currently identified by the High Rank Value Profit Track:

Ashford Hospitality Trust, Inc. (NYSE: AHT) reported first-quarter adjusted funds from operations (AFFO) of 27 cents per share in early May, which outperformed the year-prior result. AHT, a self-administered real estate investment trust focused on investing in the hospitality industry, said it believes 2006 will be its best year yet, and the first quarter has lived up to that lofty expectation in terms of internal growth and new investments, further strengthening of its capital structure and capital recycling. Second-quarter results will be available on August 2, 2006. AHT offers a price-to-earnings (P/E) multiple of 11.78 and a price-to-book (P/B) multiple of 1.43.

Deerfield Triarc Capital Corp. (NYSE: DFR), a Zacks #1 Rank (Strong Buy) company, has a price-to-earnings (P/E) multiple is 10.15 and a price-to-book (P/B) multiple of 0.93. The company, which invests in real estate related securities and various alternative investments, announced first-quarter earnings of 37 cents per share in mid-May, surpassing the consensus estimate by almost 9%. DFR stated that the success of its diversified strategy is exemplified by the growth of assets in the portfolio and the recent dividend increase.

Equity Inns, Inc. (NYSE: ENN), the third largest hotel real estate investment trust (REIT), will release financial results for the second quarter on August 3, 2006. In early May, the company posted first-quarter adjusted funds from operations (AFFO) of 34 cents per share, eclipsing last year's 25 cents and exceeding analysts' expectation by about 13%. ENN stated that its strong performance during the quarter, relative to the first quarter 2005 and its previous expectations, was attributable to the solid demand in its markets for the upscale and midscale without food and beverage segments. ENN's price-to-earnings (P/E) multiple is 13.14 and its price-to-book (P/B) multiple is 2.85.

MHI Hospitality Corp. (AMEX: MDH) satisfies the criteria for this Profit Track with a price-to-earnings (P/E) multiple of 10.38 and price-to-book (P/B) multiple of 1.42. In early May, self-advised lodging real estate investment trust (REIT) released first-quarter funds from operations (FFO) of 14 cents per share, which topped the year-ago total of eight cents and matched the consensus estimate. MDH mentioned that it continues to see strong operational performance resulting from its renovations and acquisitions. Results for the second quarter will be announced on August 8, 2006.

Discover all the current stocks currently on the High Rank Value Profit Track at: http://at.zacks.com/?id=2137.

About Profit Tracks

What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. In 2005, the Low Price Stocks strategy was the top performing Profit Track with a return of +51.9% followed by the Recent Price Strength screen with a +35.5% return. To see all nine strategies along with philosophy, past performance, and current stocks, go to http://at.zacks.com/?id=1838

All the Profit Track strategies were created and backtested using the Research Wizard software from Zacks Investment Research. If you like this screening strategy, but want to narrow down the list of stocks and even improve the performance, then you should start a free trial to this powerful stock picking tool. Learn more about the Research Wizard free trial offer and our new special report "Top 10 Stock Screening Strategies" at http://at.zacks.com/?id=2156

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