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Not getting the expected sampling rate when using PRPCOUNT

Other Parts Discussed in Thread: AFE4400

As I understand, if I were to write 7999 to PRPCOUNT, I should get a sampling rate of 500Hz (T=2ms).  When I examine the ADC_RDY signal using an oscilloscope though, I get more like 768Hz (T=1.302ms).

I also tried writing (2 x 7999), (3 x 7999), and (4 x7999) to PRPCOUNT, I got sampling frequencies of 746, 505, and 373Hz (sampling periods of 1.340, 1.980, and 2.681 ms). 

Any idea what might be causing this discrepancy?  I did verify that the CLKOUT pin does generate a 4MHz signal.