Top broker names outstanding share pick for 2016 | Motley Fool Australia: "Lend Lease shares have slumped 26% from their 52-week high posted in February this year.
Its shares currently trade on a price-to-earnings ratio (PE) of 12, which is below its long-term average. Although Lend Lease’s PE compares favourably to listed peer CIMIC Group Limited (ASX: CIM), it is marginally higher than property developers Mirvac Group (ASX: MGR) and Stockland Corporation Ltd (ASX: SGP). However, unlike the latter duo, Lend Lease offers diversification across different sectors and countries, thus, in my opinion, it should command a higher multiple than its competitors.
Lend Lease posted a net profit after tax of $618.6 million in 2015 and offers a trailing dividend yield of 4.1% (partly franked) at current prices. As such, the recent pull back in price presents an excellent opportunity for investors to be rewarded with growth and income over the medium term."
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