Mobile Infrastructure initiated with a Buy at B. Riley

B. Riley initiated coverage of Mobile Infrastructure (BEEP) with a Buy rating and $5 price target The firm says Mobile Infrastructure “stands out” as a “notable example of a real estate stock that trades at a significant discount” versus its underlying assets. While some of this discount likely reflects the company’s micro-cap size, elevated leverage, and a shorter weighted average debt maturity versus peers, the magnitude of this discount makes the stock’s current stock price attractive, the analyst tells investors in a research note.