Autonomous remote sensing systems establish communication links between nodes. Ensuring coverage and seamless communication in highly dense environments is not a trivial task as localization, separation, and tracking of targets, as well as interference suppression, are challenging. Therefore, smart antenna systems fulfill these requirements by employing beamforming algorithms and are considered a key technology for autonomous remote sensing applications. Among many beamforming algorithms, the recursive least square (RLS) algorithm has proven superior convergence and convergence rate performances. However, the tracking performance of RLS degrades in the case of dynamic targets. The forgetting factor in RLS needs to be updated constantly for fast target tracking. Additionally, multiple beamforming algorithms can be combined to increase tracking performance. An improved hybrid constant modulus RLS beamforming algorithm with an adaptive forgetting factor and a variable regularization factor is proposed. The forgetting factor is updated using the low-complexity yet robust adaptive moment estimation method (ADAM). The sliding-window technique is applied to the proposed algorithm to mitigate the steady-state noise. The proposed algorithm is compared with existing RLS-based algorithms in terms of convergence, convergence rate, and computational complexity. Based on the results, the proposed algorithm has at least 10 times better convergence (accuracy) and a convergence rate two times faster than the compared RLS-based algorithms.