Mobile CEO Manuel Chavez to transition to chairman, Stephanie Hogue to succeed

Written by Emily J. Thompson, Senior Investment Analyst

BEEP+9.25%

Updated: Jun 18 2025

0mins

Leadership Transition: Stephanie Hogue will become CEO of Mobile Infrastructure on August 1, while Manuel Chavez III will take on the role of executive co-chairman of the board.
Strategic Asset Management: The company plans to divest up to $100M in non-core assets and reinvest the funds into strategic real estate opportunities that align with its core portfolio's income and demand profiles.

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BEEP

$3.19+Infinity%1D

Analyst Views on BEEP

Wall Street analysts forecast BEEP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BEEP is 6.75 USD with a low forecast of 6.50 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Analyst Rating

2 Buy

0 Hold

0 Sell

Moderate Buy

Current: 2.920

Low

6.50

Averages

6.75

High

7.00

Current: 2.920

Low

6.50

Averages

6.75

High

7.00

Barrington

Kevin Steinke

initiated

$6.50

2025-05-19

Reason

Barrington

Kevin Steinke

Price Target

$6.50

AI Analysis

2025-05-19

initiated

Reason

Barrington analyst Kevin Steinke initiated coverage of Mobile Infrastructure with an Outperform rating and $6.50 price target. The owner and acquirer of attractive parking assets across major metropolitan markets in the United States currently owns 40 parking assets across 20 metropolitan markets with a meaningful concentration in the Midwest and Southwest, the analyst tells investors. Mobile Infrastructure is "positioned to be the preferred acquirer of parking assets in a large and highly fragmented industry and has a substantial pipeline of acquisition opportunities," says the analyst, who notes that the firm's price target represents potential appreciation of 73%.

Maxim Group

Michael Diana

Strong Buy

Initiates

$7

2025-02-21

Reason

Maxim Group

Michael Diana

Price Target

$7

2025-02-21

Initiates

Strong Buy

Reason

About BEEP

Mobile Infrastructure Corporation is focused on acquiring, owning and optimizing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States. It targets both parking garage and surface lot properties primarily in the U.S. Metropolitan Statistical Areas, with proximity to key demand drivers, such as commerce, events and venues, government and institutions, hospitality and multifamily central business districts. It owns approximately 40 parking facilities located in 20 separate markets throughout the United States, with more than 15,100 parking spaces and approximately 5.2 million square feet. It also owns approximately 0.2 million square feet of retail/commercial space adjacent to its parking facilities. It is a member of Mobile Infra Operating Company, LLC (the Operating Company), and owns substantially all of its assets and conducts substantially all of its operations through the Operating Company.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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Top News

Mobile CEO Manuel Chavez to transition to chairman, Stephanie Hogue to succeed

Trade with 70% Backtested Accuracy

Analyst Views on BEEP

About BEEP

About the author

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