diff --git a/src/compiler/js-native-context-specialization.cc b/src/compiler/js-native-context-specialization.cc
index 1881cd02bc53..35b3c82756be 100644
--- a/src/compiler/js-native-context-specialization.cc
+++ b/src/compiler/js-native-context-specialization.cc
@@ -818,13 +818,14 @@ JSNativeContextSpecialization::BuildPropertyAccess(
     DCHECK_EQ(AccessMode::kLoad, access_mode);
     value = jsgraph()->UndefinedConstant();
   } else if (access_info.IsDataConstant()) {
-    value = jsgraph()->Constant(access_info.constant());
+    Node* constant_value = jsgraph()->Constant(access_info.constant());
     if (access_mode == AccessMode::kStore) {
-      Node* check =
-          graph()->NewNode(simplified()->ReferenceEqual(), value, value);
+      Node* check = graph()->NewNode(simplified()->ReferenceEqual(), value,
+                                     constant_value);
       effect =
           graph()->NewNode(simplified()->CheckIf(), check, effect, control);
     }
+    value = constant_value;
   } else if (access_info.IsAccessorConstant()) {
     // TODO(bmeurer): Properly rewire the IfException edge here if there's any.
     Node* target = jsgraph()->Constant(access_info.constant());
diff --git a/test/mjsunit/compiler/regress-626986.js b/test/mjsunit/compiler/regress-626986.js
new file mode 100644
index 000000000000..5e02918423dc
--- /dev/null
+++ b/test/mjsunit/compiler/regress-626986.js
@@ -0,0 +1,23 @@
+// Copyright 2016 the V8 project authors. All rights reserved.
+// Use of this source code is governed by a BSD-style license that can be
+// found in the LICENSE file.
+
+// Flags: --allow-natives-syntax
+
+function g() {
+  return 42;
+}
+
+var o = {};
+
+function f(o, x) {
+  o.f = x;
+}
+
+f(o, g);
+f(o, g);
+f(o, g);
+assertEquals(42, o.f());
+%OptimizeFunctionOnNextCall(f);
+f(o, function() { return 0; });
+assertEquals(0, o.f());