This is a result of value investors selling off. It hit what is estimated the income can support. Which was in the $20-24. My stop sell protection got hit at the first sell off at $20 but this move is expected. It'll be bouncing around here for a bit I'd say but I've seen ones like this continue up to crazy numbers like $42 and then crash back down to $24 and stay there but I would not count on that.
This is a long term stock now. Thus the downgrade.