Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

One company value investors might notice is Community Healthcare Trust (CHCT Quick QuoteCHCT - Free Report) . CHCT is currently holding a Zacks Rank #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 6.74. This compares to its industry's average Forward P/E of 16.09. CHCT's Forward P/E has been as high as 9.16 and as low as 6.32, with a median of 7.88, all within the past year.

Investors will also notice that CHCT has a PEG ratio of 1.03. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. CHCT's industry has an average PEG of 1.69 right now. Over the past 52 weeks, CHCT's PEG has been as high as 1.15 and as low as 0.93, with a median of 1.05.

Another valuation metric that we should highlight is CHCT's P/B ratio of 0.97. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.91. Over the past year, CHCT's P/B has been as high as 1.21 and as low as 0.92, with a median of 1.05.

Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a preferred metric because revenue can't really be manipulated, so sales are often a truer performance indicator. CHCT has a P/S ratio of 3.44. This compares to its industry's average P/S of 3.88.

Finally, investors will want to recognize that CHCT has a P/CF ratio of 9.62. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. CHCT's current P/CF looks attractive when compared to its industry's average P/CF of 14.93. Over the past 52 weeks, CHCT's P/CF has been as high as 13.43 and as low as 9.19, with a median of 11.36.

Summit Hotel Properties (INN Quick QuoteINN - Free Report) may be another strong REIT and Equity Trust - Other stock to add to your shortlist. INN is a Zacks Rank of #2 (Buy) stock with a Value grade of A.

Summit Hotel Properties is trading at a forward earnings multiple of 7.65 at the moment, with a PEG ratio of 1.26. This compares to its industry's average P/E of 16.09 and average PEG ratio of 1.69.

INN's price-to-earnings ratio has been as high as 7.90 and as low as 4.05, with a median of 6.60, while its PEG ratio has been as high as 1.57 and as low as 0.86, with a median of 1.13, all within the past year.

Summit Hotel Properties sports a P/B ratio of 0.50 as well; this compares to its industry's price-to-book ratio of 1.91. In the past 52 weeks, INN's P/B has been as high as 0.59, as low as 0.32, with a median of 0.49.

Value investors will likely look at more than just these metrics, but the above data helps show that Community Healthcare Trust and Summit Hotel Properties are likely undervalued currently. And when considering the strength of its earnings outlook, CHCT and INN sticks out as one of the market's strongest value stocks.